https://www.taxtmi.com/caselaws?id=781337 ITAT upheld denial of registration under s.12A(1)(ac)(iii)/12AB and dismissed the appeal. The tribunal found the trust's stated charitable objects (food, health, education, energy conservation) were not pursued; instead 95% of outlays funded prize distributions to privileged individuals, financed by unsecured loans from related entities. Such transactions and circular fund movements did not constitute public charitable activity and were not specifically declared in the trust deed. The ITAT concurred with the CIT(E)'s findings that activities were misaligned with professed objects and refused relief. en-us Tue, 16 Sep 2025 00:00:00 +0530 Fri, 14 Nov 2025 09:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781337 ITAT upheld denial of registration under s.12A(1)(ac)(iii)/12AB and dismissed the appeal. The tribunal found the trust's stated charitable objects (food, health, education, energy conservation) were not pursued; instead 95% of outlays funded prize distributions to privileged individuals, financed by unsecured loans from related entities. Such transactions and circular fund movements did not constitute public charitable activity and were not specifically declared in the trust deed. The ITAT concurred with the CIT(E)'s findings that activities were misaligned with professed objects and refused relief. Case-Laws Income Tax Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781337